The Azerbaijan Chamber of Valuers (AQP) is developing an electronic registration system for appraisal reports and new National Valuation Standards, chairman Nusrat Ibrahimov said, outlining the body’s work in its second year of operation.
Azerbaijan Chamber of Valuers (AQP) chairman Nusrat Ibrahimov said the organization is rolling out a digital registration system for valuation reports as part of a wider push to modernize the appraisal sector. The chamber was established on a self-regulatory basis at a general meeting held on November 30, 2024, and its website now lists 209 individual valuers and 138 valuation companies.
According to Ibrahimov, the chamber has drafted a series of proposals to amend the law governing the valuation sector. These include provisions on digital registration of reports, internal quality control at valuation companies, disciplinary liability of valuation firms, and rules on mass appraisal. Alongside the legislative work, new National Valuation Standards based on International Valuation Standards are also being prepared.
Methodology sections and market indicators
Ibrahimov said the chamber’s website hosts 26 separate methodological sections covering real estate, movable property, land plots, businesses, intangible assets and other areas. The chamber also publishes monthly indicators tracking property, vehicles and construction.
For September 2026, AQP’s Real Estate Market Index stood at 105.4 points and its Construction Index at 110.2 points, measured against a baseline set in December 2025. Ibrahimov noted that these figures do not replace the valuation of individual properties but merely reflect the broader market trend.
Digital services and property maps
The core of the chamber’s digital system is the Valuer’s Electronic Portal, Ibrahimov said. Every valuation document is linked to an individual QR code, allowing its authenticity to be verified and helping prevent forgery.
The portal also hosts a “Price Map” project and a zonal map of Baku. The map for the third quarter of this year was built using data from 59,307 property listings; it identifies 52 pricing zones for new buildings and 44 for older buildings in the capital, covering 653 residential complexes in total. The underlying database, compiled since 2015, grows by roughly 100,000 new entries a month.
Ibrahimov said the chamber’s future priorities include strengthening its internal capacity, expanding the legislative framework, upgrading the electronic portal, broadening the scope of its market indicators, and raising the professional standards of valuers.
